•Question 1 1 out of 1 pointsWhich of the following is not an example of an external threat to a company's future profitability? Answer Selected Answer:The lack of a distinctive competence•Question 2 1 out of 1 pointsA resource-based strategy Answer Selected Answer:uses a company's valuable and rare resource strengths and competitive capabilities to deliver value to customers that rivals have difficulty matching.

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•Question 3 0 out of 1 pointsFor a particular company resource/capability to have real competitive power and perhaps qualify as a basis for competitive advantage, it should Answer Selected Answer:be patentable.•Question 4 1 out of 1 pointsA resource-based strategy Answer Selected Answer:deliberately develops valuable competencies and capabilities that add to a company's competitive power in the marketplace.

•Question 5 0 out of 1 pointsDetermining whether a company's prices and costs are competitive Answer Selected Answer:involves the use of benchmarking the costs in a company's value chain system (the costs of its suppliers, its internally performed activities, the costs of its distributors/dealers) against the costs of the value chain systems employed by rival firms.

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